FX.co ★ Daily Video Analysis: EURUSD within descending wedge pattern! Drop incoming!

Today we take a look at EURUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.

EURUSD forming a descending wedge pattern. With technicals showing room for further bearish momentum, a drop below 1st resistance at 1.17862 towards 1st support at 1.17557 could be possible.